HTC Falls as Outlook Shows Weak ‘One’ Phone Profit: Taipei Mover
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HTC Corp. dropped the most in almost two months in Taipei trading after forecasting margins for this quarter that missed analyst estimates, an indication its One handset may not be enough to restore earnings growth.
HTC slid 5.3 percent in Taipei trading, the most since March 6, to close at NT$279.50. The stock has lost 7 percent this year, compared with a 5.7 percent gain for the benchmark Taiex index.